Reported about 13 hours ago
Paramount Skydance Corp. intends to retain much of Warner Bros. Discovery Inc. during a potential merger, aiming to alleviate concerns about job losses and production cuts. CEO David Ellison plans to maintain creative teams while merging streaming services and utilizing new technologies to increase production. The merger has faced opposition, including from the Writers Guild of America, but Paramount believes it can secure regulatory approval amid a competitive landscape.
Source: YAHOO